dge e Get Performance Report Year Ended December 31, 2017 Actual Flexible-Budget Results Variances Units sold 101,000 Revenues (sales) 681,750 475,000 Variable costs Contribution margin 206,750 138,550 Fixed costs 68.200 Operating income Flexible Sales-Volume Static Budget Variances Budget 99,000 $ 356,400 178,200 178,200 110,000 68,2001 Print Done Clear all Check ccurate e colum exible udget Requirements 1. Calculate all the required variances. (If your work is accurate, you will find that the total static-budget variance is $0.) 2. What are the actual and budgeted selling prices? What are the actual and budgeted variable costs per unit? 3. Review the variances you have calculated and discuss possible causes and potential problems. What is the important lesson learned here? Print Done - X to enter "0" in the appropriate field. The Utica Company produces engine parts for car manufacturers. A new accountant intern at Utica has accidentally deleted the calculations on the company's remains of the data. (Click the icon to view the data.) Read the Gurement Requirement 1. Calculate all the required variances. (If your work is accurate, you will find that the total static-budget variance is $0.) Begin with the flexible budget columns, then the sales volume variance column. Label each variance as favorable (F) or unfavorable (U). (For variances with a $0 label. Round your answers to the nearest whole dollar.) Actual Flexible-Budget Flexible Results Variance Budget Units sold 101,000 Revenues (sales) $ 681,750 475,000 Variable costs Contribution margin 206,750 Fixed costs 138,550 S 68,200 Operating income Points: 0 of 1 Save mant intern at Utica has accidentally deleted the calculations on the company's variance analysis calculations for the year ended December 31, 2017. The following table is what CEED you will find that the total static-budget variance is $0.) Label each variance as favorable (F) or unfavorable (U). (For variances with a 50 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a Requirement 1. Calculate all the required variances. (If your work is accurate, you will find that the total static-budget variance is $0.) Begin with the flexible budget columns, then the sales volume variance column. Label each variance as favorable (F) or unfavorable (U). (For variances with a $0 balance, make sure to enter" label. Round your answers to the nearest whole dollar.) Actual Flexible-Budget Flexible Results Variance Budget Units sold 101,000 Revenues (sales) $ 681,750 475.000 Variable costs Contribution margin 206,750 138.550 Fixed costs $ 68,200 Operating income Help me solve this Etext pages Get more help